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Some Betfair traders make a full-time income from the platform, while others use it as a side hustle to supplement their income.
Betfair is a British gambling company founded in 2000. It operates the world's largest online betting exchange. Its product offering also includes sports betting, online casino, online poker, and online bingo.
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The most considerable concern when arbitrage betting is that sportsbooks will limit or ban your account. This may occur upon their realization that you are employing this betting strategy, so watch out. Arbitrage means a lack of profit for sportsbooks, which is not why they are in the business of taking bets.
Will a Sportsbook Penalize Me for Engaging in Arbitrage? Yes, more often than not. Sportsbooks consider betting arbitrage to be unfair. Simply put, sportsbooks believe anyone using their lines as a way to guarantee a profit is a cheater.
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